The BBC is to close two radio stations and scale back its web presence to make financial savings.
According to a report in Times newspaper, the measures are part of a plan to reduce the BBC's services and focus on quality over quantity.
A statement from the BBC called press speculation "premature", but acknowledged the existence of a review.
The Times says the proposals, currently being considered by the BBC Trust, include a cut of 25% in the BBC's website budget. It says this will be achieved by halving the number of web pages and reducing the site's staff by a quarter.
BBC Worldwide will be ordered to divest itself of its British magazine publishing arm. If approved, this could see the Radio Times, Top Gear magazine and other publications put out to tender.
The corporation did not comment on specific details of the report, but said it was "fully committed to online and to digital television and radio".